1 week Ago By ABMN Staff
StockNews.com upgraded shares of Mattel ( NASDAQ:MAT – Free Report ) from a hold rating to a buy rating in a report released on Thursday morning. Several other equities research analysts also recently weighed in on the company.
JPMorgan Chase & Co. increased their price target on Mattel from $22.00 to $23.
00 and gave the stock a “neutral” rating in a report on Monday, October 21st. DA Davidson reaffirmed a “buy” rating and issued a $27.00 price objective on shares of Mattel in a report on Thursday, October 24th.
Bank of America increased their target price on Mattel from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th.
Morgan Stanley upped their price objective on Mattel from $21.00 to $22.00 and gave the stock an “equal weight” rating in a report on Thursday, October 24th.
Finally, Jefferies Financial Group raised their target price on Mattel from $18.25 to $20.00 and gave the company a “hold” rating in a report on Tuesday, October 1st.
Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Mattel currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.
75. Read Our Latest Report on MAT Mattel Stock Performance Mattel ( NASDAQ:MAT – Get Free Report ) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $1.
14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.19.
Mattel had a net margin of 10.24% and a return on equity of 25.39%.
The company had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.86 billion.
During the same quarter last year, the company earned $1.08 earnings per share. The firm’s revenue for the quarter was down 3.
9% on a year-over-year basis. Equities analysts predict that Mattel will post 1.46 earnings per share for the current fiscal year.
Institutional Trading of Mattel A number of large investors have recently modified their holdings of the company. Pacer Advisors Inc. lifted its stake in shares of Mattel by 20,152.
4% in the 2nd quarter. Pacer Advisors Inc. now owns 10,995,234 shares of the company’s stock worth $178,783,000 after acquiring an additional 10,940,943 shares during the period.
State Street Corp raised its stake in shares of Mattel by 3.1% in the 3rd quarter. State Street Corp now owns 10,517,270 shares of the company’s stock worth $200,354,000 after buying an additional 318,125 shares in the last quarter.
Franklin Resources Inc. boosted its stake in Mattel by 84.0% during the third quarter.
Franklin Resources Inc. now owns 9,352,223 shares of the company’s stock valued at $176,757,000 after buying an additional 4,270,162 shares in the last quarter. Massachusetts Financial Services Co.
MA grew its holdings in Mattel by 0.4% during the third quarter. Massachusetts Financial Services Co.
MA now owns 6,291,976 shares of the company’s stock worth $119,862,000 after acquiring an additional 27,204 shares during the period. Finally, Geode Capital Management LLC raised its position in Mattel by 0.3% in the third quarter.
Geode Capital Management LLC now owns 6,134,691 shares of the company’s stock worth $116,896,000 after acquiring an additional 17,309 shares in the last quarter. Institutional investors and hedge funds own 97.15% of the company’s stock.
About Mattel ( Get Free Report ) Mattel, Inc, a toy and family entertainment company, designs, manufactures, and markets toys and consumer products in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, as well as books, content, gaming, and lifestyle products for children under the Barbie, American Girl, Disney Princess and Disney Frozen, Monster High, and Polly Pocket brands; die-cast vehicles, tracks, playsets, and accessories for kids, adults, and collectors under the Hot Wheels, Hot Wheels Monster Trucks, Hot Wheels Mario Kart, Matchbox, and Cars brand names; and infant, toddler, and preschool products comprising content, toys, live events, and other consumer products under the Fisher-Price, Little People and Imaginext, and Thomas & Friends, and Power wheels brands.
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